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909 Deer Ridge Trail Mckinney, TX 75072

4 Beds 3 Baths 2,789 sqft Built 2012

$385,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $138.04
  • 3 Days on Market
  • MLS # : 14511526
  • Updated Date : 03/06/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,789 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

MULTIPLE OFFERS - DEADLINE 3.7 AT 6 PM. Beautiful home in McKinney, in a cul-de sac, surrounded by the beautiful Greens of the Westridge Golf Course with highly sought-after Frisco ISD. High ceilings great you as you enter this home. Open concept living with a beautiful kitchen open to the family room, making it an ideal space for entertaining. The main bedroom is tucked in and very private, has wood floors and overlooks the backyard and greenbelt. The master closet offers plenty of storage space. Upstairs, you will have bedrooms, 4th bed can be media, a game room with a balcony to enjoy the peaceful creek view. Imagine relaxing on the covered patio, admiring nature and no neighbors after a long day of work.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Greens of Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greens of Westridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Gerald Sonntag Elementary School Primary Regular 688 43 NA
Sam And Ann Roach Middle School Middle Regular 963 68 10
Heritage High School High Regular 1,844 125 9

Gerald Sonntag Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 43
NA
GreatSchools Rating

Sam And Ann Roach Middle School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 68
10
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,337
Property Tax -$725
Property Insurance -$188
HOA -$42
Property Management Fees -$99
CASH FLOW
-$181

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,429

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,210

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,419

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,2953$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 909 Deer Ridge Trail Mckinney, TX 1
    • 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.79
    •  
  • 805 Royal Crest Court Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,777 Sqft ∙ Built 2003
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.83
    •  
  • 9420 Deerhurst Place Mckinney, TX 3
    • 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2013
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 9504 National Pines Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 9513 National Pines Drive Mckinney, TX 5
    • 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2008
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sakina Ismaelbay
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511526
Last Updated: 03/06/2021
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